See regulation 3(7) for the meaning of “subject to its own disclosure requirements”.

http://www.legislation.gov.uk/uksi/2017/694/regulation/10The Scottish Partnerships (Register of People with Significant Control) Regulations 2017texttext/xmlenStatute Law DatabaseCOMPANIES2024-02-20Expert Participation2023-10-26These Regulations transpose Article 30 (beneficial ownership information) of Directive 2015/ 849/EU of the European Parliament and of the Council of 20 May 2015 (OJ L 141, 05.06.15, p.73) (“the Directive”) on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, for Scottish limited partnerships and certain Scottish general partnerships, defined in regulation 3.PART 4Information duties10Duty to investigate and obtain information1

An eligible Scottish partnership must take reasonable steps—

a

to find out if any person is a registrable person or a registrable relevant legal entity in relation to the eligible Scottish partnership, and

b

if so, to identify them.

2

Without limiting paragraph (1), an eligible Scottish partnership must give notice to any person whom it knows or has reasonable cause to believe to be a registrable person or a registrable relevant legal entity in relation to it.

3

The notice, if addressed to an individual, must require the addressee—

a

to state whether or not the individual is a registrable person in relation to the eligible Scottish partnership, and

b

if so, to confirm or correct any particulars of the individual that are included in the notice, and supply any that are missing.

4

The notice, if addressed to a legal entity, must require the addressee—

a

to state whether or not it is a registrable relevant legal entity in relation to the eligible Scottish partnership, and

b

if so, to confirm or correct any of its particulars that are included in the notice, and supply any that are missing.

5

An eligible Scottish partnership may also give notice to a person under this regulation if it knows or has reasonable cause to believe that the person—

a

knows the identity of a person who falls within paragraph (6), or

b

knows the identity of a person likely to have that knowledge.

6

The persons who fall within this paragraph are—

a

any registrable person in relation to the eligible Scottish partnership;

b

any relevant legal entity in relation to the eligible Scottish partnership;

c

any entity which would be a relevant legal entity in relation to the eligible Scottish partnership if it were subject to its own disclosure requirements .

7

A notice under paragraph (5) may require the addressee—

a

to state whether or not the addressee knows the identity of—

i

any person who falls within paragraph (6), or

ii

any person likely to have that knowledge, and

b

if so, to supply any particulars of theirs that are within the addressee's knowledge, and state whether or not the particulars are being supplied with the knowledge of each of the persons concerned.

8

A notice under this regulation must state that the addressee is to comply with the notice by no later than the end of the period of one month beginning with the date of the notice.

9

An eligible Scottish partnership is not required to take steps or give notice under this regulation with respect to a registrable person or registrable relevant legal entity if—

a

the eligible Scottish partnership has already been informed of the person's status as a registrable person or registrable relevant legal entity in relation to it, and been supplied with all the particulars, and

b

in the case of a registrable person, the information and particulars were provided either by the person concerned or with the person's knowledge.

10

A person to whom a notice under paragraph (5) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.

11

In this regulation—

a

a reference to knowing the identity of a person includes knowing information from which that person can be identified, and

b

particulars” means—

i

in the case of a registrable person or a registrable relevant legal entity, the required particulars, and

ii

in any other case, any particulars that will enable the person to be contacted by the eligible Scottish partnership.

12

An eligible Scottish partnership is not by virtue of anything done for the purposes of these Regulations affected with notice of, or put upon inquiry as to, the rights of any person in relation to any rights in or with respect to the eligible Scottish partnership.

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<strong>PART 4</strong>
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<heading>Information duties</heading>
<hcontainer name="regulation" eId="regulation-10" period="#period1">
<num>10</num>
<heading>Duty to investigate and obtain information</heading>
<paragraph eId="regulation-10-1">
<num>1</num>
<intro>
<p>An eligible Scottish partnership must take reasonable steps—</p>
</intro>
<subparagraph eId="regulation-10-1-a">
<num>a</num>
<content>
<p>to find out if any person is a registrable person or a registrable relevant legal entity in relation to the eligible Scottish partnership, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-1-b">
<num>b</num>
<content>
<p>if so, to identify them.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-2">
<num>2</num>
<content>
<p>Without limiting paragraph (1), an eligible Scottish partnership must give notice to any person whom it knows or has reasonable cause to believe to be a registrable person or a registrable relevant legal entity in relation to it.</p>
</content>
</paragraph>
<paragraph eId="regulation-10-3">
<num>3</num>
<intro>
<p>The notice, if addressed to an individual, must require the addressee—</p>
</intro>
<subparagraph eId="regulation-10-3-a">
<num>a</num>
<content>
<p>to state whether or not the individual is a registrable person in relation to the eligible Scottish partnership, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-3-b">
<num>b</num>
<content>
<p>if so, to confirm or correct any particulars of the individual that are included in the notice, and supply any that are missing.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-4">
<num>4</num>
<intro>
<p>The notice, if addressed to a legal entity, must require the addressee—</p>
</intro>
<subparagraph eId="regulation-10-4-a">
<num>a</num>
<content>
<p>to state whether or not it is a registrable relevant legal entity in relation to the eligible Scottish partnership, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-4-b">
<num>b</num>
<content>
<p>if so, to confirm or correct any of its particulars that are included in the notice, and supply any that are missing.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-5">
<num>5</num>
<intro>
<p>An eligible Scottish partnership may also give notice to a person under this regulation if it knows or has reasonable cause to believe that the person—</p>
</intro>
<subparagraph eId="regulation-10-5-a">
<num>a</num>
<content>
<p>knows the identity of a person who falls within paragraph (6), or</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-5-b">
<num>b</num>
<content>
<p>knows the identity of a person likely to have that knowledge.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-6">
<num>6</num>
<intro>
<p>The persons who fall within this paragraph are—</p>
</intro>
<subparagraph eId="regulation-10-6-a">
<num>a</num>
<content>
<p>any registrable person in relation to the eligible Scottish partnership;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-6-b">
<num>b</num>
<content>
<p>any relevant legal entity in relation to the eligible Scottish partnership;</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-6-c">
<num>c</num>
<content>
<p>
any entity which would be a relevant legal entity in relation to the eligible Scottish partnership if it were subject to its own disclosure requirements
<noteRef href="#c23050731" marker="M1" class="commentary M"/>
.
</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-7">
<num>7</num>
<intro>
<p>A notice under paragraph (5) may require the addressee—</p>
</intro>
<subparagraph eId="regulation-10-7-a">
<num>a</num>
<intro>
<p>to state whether or not the addressee knows the identity of—</p>
</intro>
<clause eId="regulation-10-7-a-i">
<num>i</num>
<content>
<p>any person who falls within paragraph (6), or</p>
</content>
</clause>
<clause eId="regulation-10-7-a-ii">
<num>ii</num>
<content>
<p>any person likely to have that knowledge, and</p>
</content>
</clause>
</subparagraph>
<subparagraph eId="regulation-10-7-b">
<num>b</num>
<content>
<p>if so, to supply any particulars of theirs that are within the addressee's knowledge, and state whether or not the particulars are being supplied with the knowledge of each of the persons concerned.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-8">
<num>8</num>
<content>
<p>A notice under this regulation must state that the addressee is to comply with the notice by no later than the end of the period of one month beginning with the date of the notice.</p>
</content>
</paragraph>
<paragraph eId="regulation-10-9">
<num>9</num>
<intro>
<p>An eligible Scottish partnership is not required to take steps or give notice under this regulation with respect to a registrable person or registrable relevant legal entity if—</p>
</intro>
<subparagraph eId="regulation-10-9-a">
<num>a</num>
<content>
<p>the eligible Scottish partnership has already been informed of the person's status as a registrable person or registrable relevant legal entity in relation to it, and been supplied with all the particulars, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-9-b">
<num>b</num>
<content>
<p>in the case of a registrable person, the information and particulars were provided either by the person concerned or with the person's knowledge.</p>
</content>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-10">
<num>10</num>
<content>
<p>A person to whom a notice under paragraph (5) is given is not required by that notice to disclose any information in respect of which a claim to legal professional privilege (in Scotland, to confidentiality of communications) could be maintained in legal proceedings.</p>
</content>
</paragraph>
<paragraph eId="regulation-10-11">
<num>11</num>
<intro>
<p>In this regulation—</p>
</intro>
<subparagraph eId="regulation-10-11-a">
<num>a</num>
<content>
<p>a reference to knowing the identity of a person includes knowing information from which that person can be identified, and</p>
</content>
</subparagraph>
<subparagraph eId="regulation-10-11-b">
<num>b</num>
<intro>
<p>
<term refersTo="#term-particulars">particulars</term>
” means—
</p>
</intro>
<clause eId="regulation-10-11-b-i">
<num>i</num>
<content>
<p>in the case of a registrable person or a registrable relevant legal entity, the required particulars, and</p>
</content>
</clause>
<clause eId="regulation-10-11-b-ii">
<num>ii</num>
<content>
<p>in any other case, any particulars that will enable the person to be contacted by the eligible Scottish partnership.</p>
</content>
</clause>
</subparagraph>
</paragraph>
<paragraph eId="regulation-10-12">
<num>12</num>
<content>
<p>An eligible Scottish partnership is not by virtue of anything done for the purposes of these Regulations affected with notice of, or put upon inquiry as to, the rights of any person in relation to any rights in or with respect to the eligible Scottish partnership.</p>
</content>
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